| TZA latest price $27.0000 (3.81%) ($25.6600 - $27.0000) on Wed. Aug. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.31% (three month average) |
RSI | 70 |
Latest Price | $27.0000(3.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.9% a day on average for past five trading days. |
Weekly Trend | TZA advances 6.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TZA advance at 0% a week (0% probability) VXX(50%) VIXM(40%) TBT(36%) UUP(34%) EDOC(-1%) |
Factors Impacting TZA price | TZA will decline at least -1.655% in a week (0% probabilities). IWO(-99%) IWN(-98%) IWD(-90%) IFRA(-90%) XRT(-88%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.655% (StdDev 3.31%) |
Hourly BBV | 1.9 () |
Intraday Trend | 3.3% |
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